Ashmore Group (ASHM) Sets New 52-Week High at $401.90

Ashmore Group plc (LON:ASHM) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 401.90 ($5.37) and last traded at GBX 400.80 ($5.36), with a volume of 250194 shares traded. The stock had previously closed at GBX 400.80 ($5.36).

A number of equities analysts recently issued reports on ASHM shares. JPMorgan Chase & Co. raised Ashmore Group to a “neutral” rating and increased their price objective for the stock from GBX 350 ($4.68) to GBX 395 ($5.28) in a report on Wednesday, December 13th. Jefferies Group upped their target price on Ashmore Group from GBX 331 ($4.43) to GBX 370 ($4.95) and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Citigroup restated a “neutral” rating and issued a GBX 370 ($4.95) target price on shares of Ashmore Group in a research report on Wednesday, October 18th. Macquarie restated a “neutral” rating and issued a GBX 384 ($5.13) target price on shares of Ashmore Group in a research report on Wednesday, October 18th. Finally, Berenberg Bank increased their price objective on Ashmore Group from GBX 380 ($5.08) to GBX 410 ($5.48) and gave the company a “buy” rating in a research report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 365.18 ($4.88).

The firm has a market cap of $2,840.00 and a PE ratio of 1,670.00.

In other Ashmore Group news, insider Clive Adamson purchased 934 shares of the stock in a transaction on Friday, October 13th. The shares were purchased at an average cost of GBX 374 ($5.00) per share, for a total transaction of £3,493.16 ($4,670.62).

COPYRIGHT VIOLATION WARNING: This news story was first published by Week Herald and is owned by of Week Herald. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://weekherald.com/2017/12/25/ashmore-group-ashm-sets-new-52-week-high-at-401-90.html.

Ashmore Group Company Profile

Ashmore Group plc is a United Kingdom-based company, which operates as a specialist emerging markets asset manager. The Company offers a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. Its geographical segments include United Kingdom, United States and Others.

Receive News & Ratings for Ashmore Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashmore Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply